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Strategies & Market Trends : Technical Analysis - Beginners

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To: Michael Watkins who wrote (11597)	2/13/2001 5:31:13 PM
From: TechTrader42	Read Replies (2) of 12039

AMAT isn't up to the task, Michael. It's no longer up, after people had time to digest the report. In fact, it's moving lower than the close, and is now under 41. (When was the last time you saw a downgrade to a sell rating?) Nothing's dependable in this market, not even AG. On his remarks today: home-news.excite.com Greenspan, delivering the Fed's semiannual economic report to Congress, cautioned that forecasters have great difficulty predicting recessions because full-blown downturns are often the result of unreasonable fear that overwhelms normal business and consumer buying decisions. "This unpredictable rending of confidence is one reason that recessions are so difficult to forecast," Greenspan said in testimony to the Senate Banking Committee. "Our economic models have never been particularly successful in capturing a process driven in large part by nonrational behavior."

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